Wire template groups
Templates for wire and draft payments include the additional feature of template groups. Template groups logically relate two or more templates that are normally paid with the same timing and enable you to implement complex payment processes with greater efficiency. Payments created from a template group are processed just like any other individual payments.
Example:
A company pays its vendors on a monthly basis. The vendors are paid using a variety of payment methods, including some by Fedwire, some by international wire. Templates for each vendor payment are created, and then added to a common template group called “Vendor Disbursement.” At the appropriate time each month, the company initiates a payment based on the template group, enters only the necessary payment data for that month, and is able to complete a complex payment process with much greater efficiency.
